Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Aurumin Limited is an Australia-based mineral exploration company focused on two project areas in Western Australia. The Company’s projects are Mount Dimer Gold, Mount Palmer gold, Central Sandstone and Johnson Range. The Mount Dimer Gold Project is located approximately 120 kilometers (km) northeast of the Southern Cross townsite in the Shire of Yilgarn, Western Australia. The Mount Palmer Project is located around 15 km east of the Marvel Loch townsite in the Shire of Yilgarn, Western Australia. The Central Sandstone Project is located approximately 12 km south of the township of Sandstone, approximately 520 km northeast of Perth, and located on a sealed highway between the mining towns of Mt Magnet and Leinster in the East Murchison Mineral Field of Western Australia. The Project comprises granted tenure covering approximately 112 square kilometers (km2), including two granted mining licenses. The Johnson Range Project consists of approximately six km2 of tenements (six granted).
AUN - Aurumin Ltd
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